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IRS Launches Investigation into Archwell Foundation Alleging Tax Fraud
The IRS has recently launched an investigation into the Archwell Foundation, which could have significant implications for Meghan and Prince Harry.
This bombshell news has sent shockwaves through the royal community, and we are here to bring you all the details.
According to reports from the Daily Mail, the IRS has uncovered some alarming discrepancies in the tax reporting of Archwell.
The nonprofit organization, founded by the couple in 2020, claimed to have worked only one hour a week while raising over $13 million from donors.
These numbers have raised eyebrows and caught the attention of the IRS.
One particular payment that has drawn suspicion is the $63,000 made by Archwell CEO James Holt, who happens to be a close friend and former spokesperson for Harry and Meghan.
The IRS believes that this foundation may be a front for channeling money, especially considering the couple's lucrative deals with major companies like Spotify, Netflix, and Procter & Gamble.
Furthermore, the IRS is questioning the reported expenses of the couple, suggesting that personal costs, security, travel, and lifestyles are being falsely deducted.
As a result, the IRS has issued a subpoena to the Archwell Foundation, demanding access to financial records, bank statements, and correspondence.
Not only is the foundation under scrutiny, but donors are also being contacted by the IRS to verify their contributions and provide receipts.
The warning is clear – anyone involved in this alleged tax fraud scheme could face legal consequences.
To shed light on the severity of Meghan and Harry's situation, we spoke with a former IRS agent.
Tax fraud is a federal crime, carrying a maximum sentence of five years in prison and a fine of $250,000 per count.
Given the potential money involved and the extent of the deception, the consequences for the couple could be astronomical.
The former IRS agent emphasized that high-profile cases like this are aggressively pursued.
Celebrities and public figures who cheat on their taxes are often made examples of, sending a message that no one is above the law.
Considering Meghan and Harry's controversial reputation, the IRS may be particularly motivated to expose what they perceive as hypocrisy.
While Meghan and Harry have not commented on the investigation, sources close to them deny any wrongdoing.
They accuse the IRS of bias and harassment, suggesting that this investigation is nothing more than a smear campaign.
Now, we want to hear from you.
What are your thoughts on this shocking news?
Let us know in the comments, and stay tuned for more updates on this developing story.